Personal Pensions referred to as RAC's or Retirement Annuity Contracts. They can take contributions from self employed persons or indeed employed individuals who are not already members of an occupational pension scheme through their employer. Any contribution paid attracts tax relief as long as the contributor has the Net Relevant Earnings to offset the contributions against. Revenue has clearly defined the maximum contribution rates as a multiple of income based on your age as follows:
Company Pension – Executive or Occupational Pensions Company Pension – Self Administered Retirement Trusts Personal Pensions – Self Directed / Traditional Pensions PRSA's ARF's Annuities
Meritus Wealth Management Ltd. t/a Meritus, Meritus Private Clients is regulated by the Central Bank of Ireland
Directors: Gabriel McCarthy, Shane O'Connor
Company Registration No : 334476. Private Company Limited By Shares. Registered Office : Suite 111, NSC Campus, Mahon, Cork, T12 XY2N
